Latest news with #YayasanWaqafMalaysia
Barnama
3 days ago
- Business
- Barnama
YWM Denies Involvement In Fundraising Scam Offering Cash Returns For Donations
KUALA LUMPUR, May 30 (Bernama) -- Yayasan Waqaf Malaysia (YWM) has denied any involvement in fundraising activities that promise cash rewards in return for donations. YWM, in a statement today, clarified that such activities were carried out by a scam syndicate misusing the names of YWM and the Tabung Musa'adah JAKIM-YWM to collect donations illegally. 'This scam uses an online marketing platform, where members of the public are invited to join WhatsApp and Telegram groups, and are then asked or coerced into making donations with the promise of cash rewards in return. 'YWM stresses that it has never entered into any form of collaboration, agreement or recognition with the online marketing platform for the collection of donations under Tabung Musa'adah JAKIM-YWM, Tabung Sa'adah JAKIM-YWM, or any other fund or waqf initiative organised by YWM,' the statement said. YWM also reminded the public not to be deceived by any offers, invitations, or advertisements for waqf contributions via online marketing platforms, WhatsApp groups, Telegram, or any other unauthorised channels. YWM also said that all official donation matters could be conducted through its official website: as well as its official social media platforms: (Facebook), (Instagram), (X), and (TikTok). According to the statement, YWM will not hesitate to take legal action against any parties found misusing the name of Yayasan Waqaf Malaysia or YWM products for fraudulent purposes. Any information or complaints related to the scam can be directed to YWM via its official channels by emailing info@ or via WhatsApp at 019 2007481. -- BERNAMA
The Sun
3 days ago
- Business
- The Sun
YWM denies involvement in fundraising scam offering cash returns for donations
KUALA LUMPUR: Yayasan Waqaf Malaysia (YWM) has denied any involvement in fundraising activities that promise cash rewards in return for donations. YWM, in a statement today, clarified that such activities were carried out by a scam syndicate misusing the names of YWM and the Tabung Musa'adah JAKIM-YWM to collect donations illegally. 'This scam uses an online marketing platform, where members of the public are invited to join WhatsApp and Telegram groups, and are then asked or coerced into making donations with the promise of cash rewards in return. 'YWM stresses that it has never entered into any form of collaboration, agreement or recognition with the online marketing platform for the collection of donations under Tabung Musa'adah JAKIM-YWM, Tabung Sa'adah JAKIM-YWM, or any other fund or waqf initiative organised by YWM,' the statement said. YWM also reminded the public not to be deceived by any offers, invitations, or advertisements for waqf contributions via online marketing platforms, WhatsApp groups, Telegram, or any other unauthorised channels. YWM also said that all official donation matters could be conducted through its official website: as well as its official social media platforms: (Facebook), (Instagram), (X), and (TikTok). According to the statement, YWM will not hesitate to take legal action against any parties found misusing the name of Yayasan Waqaf Malaysia or YWM products for fraudulent purposes.
The Sun
3 days ago
- Business
- The Sun
YWM denies role in fundraising scam promising cash returns
KUALA LUMPUR: Yayasan Waqaf Malaysia (YWM) has denied any involvement in fundraising activities that promise cash rewards in return for donations. YWM, in a statement today, clarified that such activities were carried out by a scam syndicate misusing the names of YWM and the Tabung Musa'adah JAKIM-YWM to collect donations illegally. 'This scam uses an online marketing platform, where members of the public are invited to join WhatsApp and Telegram groups, and are then asked or coerced into making donations with the promise of cash rewards in return. 'YWM stresses that it has never entered into any form of collaboration, agreement or recognition with the online marketing platform for the collection of donations under Tabung Musa'adah JAKIM-YWM, Tabung Sa'adah JAKIM-YWM, or any other fund or waqf initiative organised by YWM,' the statement said. YWM also reminded the public not to be deceived by any offers, invitations, or advertisements for waqf contributions via online marketing platforms, WhatsApp groups, Telegram, or any other unauthorised channels. YWM also said that all official donation matters could be conducted through its official website: as well as its official social media platforms: (Facebook), (Instagram), (X), and (TikTok). According to the statement, YWM will not hesitate to take legal action against any parties found misusing the name of Yayasan Waqaf Malaysia or YWM products for fraudulent purposes. Any information or complaints related to the scam can be directed to YWM via its official channels by emailing info@ or via WhatsApp at 019 2007481.
Free Malaysia Today
07-05-2025
- Business
- Free Malaysia Today
Diversifying funding sources through myWaqafPTPTN
PTPTN chairman Norliza Abdul Rahim distributing scholarships under the myWaqafPTPTN initiative to eligible students at a recent event in Kuala Lumpur. PETALING JAYA : Waqf is one of the Islamic financial instruments that play a role in socio- economic development, including education, to help improve the living standards of those in need. Contributions can be made in the form of cash, land, buildings, equipment or dedicated funds to enhance living standards. In Malaysia, the concept is growing, and the inter-agency National Higher Education Fund Corporation (PTPTN) has taken steps through the establishment of myWaqafPTPTN as one of the initiatives to diversify sources of funding for higher education other than through existing loans. The National Higher Education Fund Corporation (PTPTN) and Yayasan Waqaf Malaysia (YWM) launched myWaqafPTPTN on 11 March 2024. The three main objectives of myWaqafPTPTN are: 1. To diversify funding sources for higher education financing beyond PTPTN's existing student loan scheme; 2. To utilise waqf as a wealth redistribution instrument to support national education development through alternative scholarship-based financial aid, known as Wakaf Tunai PTPTN ; and 3. To reduce societal dependence on education loans and lessen the burden of loan repayment or debt accumulation. The initiative allows contributions from individuals, corporate entities, and legally recognised organisations, both domestic and international, to assist students by providing higher education scholarships and reducing the burden of loan repayment or student debt. myWaqafPTPTN is open to PTPTN loan-eligible students from the B40, M40, and asnaf categories, including registered aid recipients under state Islamic councils. The initiative is not limited to Muslim students. A key advantage is that all myWaqafPTPTN donations qualify for a 10% tax deduction under Subsection 44(11C) of the Income Tax Act 1967. As of February, over RM1.18 million had been collected, benefiting 82 students through scholarships worth over RM984,000. Prime Minister Anwar Ibrahim also announced an extra RM30 million allocation for the programme at the National Waqf Month 2025 launch last month. Scholarship recipients have expressed gratitude for the financial relief provided by myWaqafPTPTN. Fatin Nur Humaira Abd Rahman. Fatin Nur Humaira Abd Rahman, a diploma in logistics management student at the National Defence University (UPNM), said the scholarship has significantly eased the financial burden of her and her family. 'It reduces the burden of repaying my student loan. This assistance is especially helpful for underprivileged B40 students,' she said. M Harshavardhan. Another recipient from UPNM, M Harshavardhan, agreed, saying the scholarship had helped reduce his family's financial strain. 'Nowadays, many students have to work part-time to cover the high cost of education. This PTPTN assistance helps ease that burden,' he said. Muhamad Rida Hafeez Mohamad Johari Abdul Rahman. For Muhamad Rida Hafeez Mohamad Johari Abdul Rahman, a diploma in engineering student, the programme has had a significant impact as it allows students to complete their studies without the worry of debt after graduation. 'I am truly grateful for this scholarship. Thank you to PTPTN for helping students continue their studies without needing to worry about money,' said the Universiti Malaysia Pahang Al- Sultan Abdullah student. How to contribute to myWaqafPTPTN Individuals or organisations can donate through three methods: 1. Via YWM's official website by selecting 'myWaqafPTPTN' under 'Wakaf Khas / Projek' 2. Direct transfer to Yayasan Waqaf Malaysia's bank account at RHB Islamic Bank (2- 12457-6006259-1) 3. Scanning the QR code below. Contribute to myWaqafPTPTN to ensure higher education funding for future generations. PTPTN hopes that myWaqafPTPTN will become the preferred waqf initiative, helping more students while ensuring the long-term sustainability of higher education, aligning with its slogan, 'Higher Education for All'.
